Modern Multifamily Investment in
7070 N MONTANA Ave Portland, OR 97217
7070 N MONTANA Ave, Portland, OR, 97217
$2,170,000
For Sale
$2,170,000
MULTI_FAMILY - Portland, OR
Property Size6,792 SF
Lot Size0.12 Acres
Price / SF$319.49
Days on Market510
Property Features for 7070 N MONTANA Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi
- Bedrooms
- 12
- Bathrooms
- 6
- Rooms
- Bedroom 4, Bedroom 12, Bedroom 5, Bedroom 8, Bedroom 11, Bathroom 6, Bathroom 1, Bedroom 10, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 9, Bedroom 7, Bathroom 3
- Standard status
- Active
- APN
- R704085
- Size
- 6,792 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- GOOD MORNING ADD, BLOCK 15, N 1/2 OF LOT 5, LOT 6
- Tax Annual Amount
- 21300
Utilities
- Cooling system
- ENERGY STAR Qualified Equipment
Building Details
- Year built
- 2019
- Floors in Building
- 3
- Number of units
- 6
- Roof type
- Composition
Listing Agency
Keller Williams Sunset Corridor
(503) 270-5700
1915 NE Stucki Avenue, Suite 250, Hillsboro, OR
Listed by
Taya Mower · License #200709135
(503) 481-6252
Added: Feb 22, 2025 Checked: Jul 17 at 8:06 am
MLS# 382442110
Listing URL
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This modern 6-unit multifamily property is located in the Arbor Lodge neighborhood of Portland. Constructed in 2019, the building features energy-efficient construction and amenities. Each unit includes EnergyStar rated appliances, quartz and marble finishes, luxury vinyl plank flooring, a washer and dryer, a built-in dishwasher and microwave, a Navien tankless water heater, and a Daikin mini-split heat & AC system. Secure front door and gate entries are in place. Second and third-floor units have attached decks, while ground-level units offer both front patios and backyard space. One unit is ADA-compliant. The property is situated close to the MAX Yellow Line and major transit routes. It is also near the University of Portland, Adidas headquarters, Peninsula Park & Kenton District, and New Seasons Market. The lot size is 0.12 acres, and the property size is 6792 square feet. The property is located in Multnomah County, with Multi zoning.
Key Highlights
- Modern 6‑unit building built in 2019
- 100% occupancy rate reported
- Energy‑efficient features include ENERGY STAR qualified equipment and a Navien tankless water heater
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $167.1k | $24.60 |
| − Vacancy | −$8.5k | −$1.25 |
| EGI | $158.6k | $23.35 |
| − OpEx | −$71.4k | −$10.51 |
| NOI | $87.2k | $12.84 |
6,792 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.09M – $1.45M
NOI $87,209 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,515 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six-unit apartment building in Arbor Lodge neighborhood.
Where is this apartment building located?
The property is located at 7070 N MONTANA Ave Portland, OR.
What is the asking price?
The asking price for this property is $2,170,000.
What are key features of this property?
This property features: Modern 6‑unit building built in 2019; 100% occupancy rate reported; Energy‑efficient features include ENERGY STAR qualified equipment and a Navien tankless water heater
